Top Cornish, MN Mortgage Lenders

RankCornish Mortgage LenderCornish Home Loans ProcessedCornish Home Loans ApprovedCornish Home Loans DeniedCornish Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCornish Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 85 63%15%
  • 170%
  • (147,000 Loan / $86,000 Income)
  • 175%
  • (105,000 Loan / $60,000 Income)
2Midcountry Bank 32 62%12%
  • 162%
  • (65,000 / $40,000)
  • 289%
  • (107,000 / $37,000)
3Citizens Bank Minnesota 30 93%6%
  • 147%
  • (65,000 / $44,000)
  • 318%
  • (153,000 / $48,000)
4Countrywide Bank Fsb 22 77%22%
  • 195%
  • (131,000 / $67,000)
  • 309%
  • (68,000 / $22,000)
5Beneficial Company Llc 22 9%63%
  • 271%
  • (144,000 / $53,000)
  • 214%
  • (45,000 / $21,000)
6Jpmorgan Chase Bank 20 90%5%
  • 130%
  • (51,000 / $39,000)
  • 46%
  • (29,000 / $63,000)
7Cornerstone Mortgage Company 20 90%0%
  • 227%
  • (100,000 / $44,000)
0
8Minnwest Bank Mv 18 94%5%
  • 42%
  • (6,000 / $14,000)
  • 200%
  • (30,000 / $15,000)
9Mortgage Guaranty Insurance Co 15 66%0%
  • 203%
  • (57,000 / $28,000)
0
10Countrywide Home Loans 15 93%0%
  • 241%
  • (104,000 / $43,000)
0
11Frandsen Bank & Trust 13 76%15%
  • 124%
  • (102,000 / $82,000)
  • 166%
  • (25,000 / $15,000)
12Agstar Financial Services 13 61%0%
  • 117%
  • (48,000 / $41,000)
0
13Citimortgage 12 83%8%
  • 154%
  • (65,000 / $42,000)
  • 368%
  • (162,000 / $44,000)
14Citibank 12 83%0%
  • 120%
  • (70,000 / $58,000)
0
15Genworth Mortgage Insurance Co 11 54%9%
  • 223%
  • (85,000 / $38,000)
  • 360%
  • (162,000 / $45,000)
16Citifinancial Services Inc 11 36%45%
  • 178%
  • (91,000 / $51,000)
  • 186%
  • (108,000 / $58,000)
17Hfc Company Llc 10 0%90% 0
  • 153%
  • (170,000 / $111,000)
18Embrace Home Loans, 9 33%44%
  • 319%
  • (115,000 / $36,000)
  • 643%
  • (103,000 / $16,000)
19Wells Fargo Funding 8 100%0% 0 0
20Wells Fargo Fin'l Minnesota 8 62%25%
  • 243%
  • (100,000 / $41,000)
  • 385%
  • (77,000 / $20,000)

Cornish, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 632
  2. Loan Applications Denied: 122
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 404
  5. % of Loan Applications Originated 63

Cornish, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history13
Collateral10
Debt-to-income ratio6
Unverifiable information1
Credit application incomplete1

Cornish, MN Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000366 6319
$100,000 - $300,000259 6219
$300,000 - $500,0004 1000
$500,000 - $1,000,0003 6633

Cornish, MN Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000576 6319
$100,000 - $300,00050 6222
$300,000 - $500,0001 1000
$500,000 - $1,000,0004 750
$1,000,000 - $1,500,0001 1000

Loan to Income Ratios Research for Mortgage in Cornish, MN

Loan to Income Ratio (Loan Amount as a Percentage of Income Levels) Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
0 - 30%3966 17
30 - 60%4666 10
60 - 100%5757 19
100 - 200%22166 18
200 - 300%15162 16
300 - 400%7961 25
> 400%3947 35

Cornish, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling597 6320
Not Owner-Occupied As A Principal Dwelling33 666

Home Owner Property Type Statistics in Cornish, MN for Home Loans

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)573 6320
One To Four-Family51 743
Manufactured Housing8 5050
More Cornish, MN Mortgage Research: